MAX Fell 86.4% From Peak After Musk Unfollowed ChainChomp131

MAX, a meme token launched by the X account ChainChomp131, stood 86.4% below its peak at the time of crypto monitor ai_9684xtpa’s observation after Elon Musk unfollowed the account.

ai_9684xtpa flagged ChainChomp131 as a possible account belonging to Musk’s son, Saxon. Musk had followed the account, which had about 5,000 followers, two days before he unfollowed it. ChainChomp131 launched MAX, and its market capitalization briefly topped $13 million. At the time of the monitor’s observation, MAX was 86.4% below its peak.

ai_9684xtpa also monitored wallet 9BMzT…FQdLU as MAX rose and then retreated. The wallet put $72,800 into the token across that period, including additional purchases after the price began falling. The monitor’s wallet snapshot showed a loss of about $53,900, while the value of its holdings had fallen 70% over five hours.

The figures describe different windows: MAX’s decline is measured from its peak to the monitor’s observation, while the wallet’s 70% loss covers a five-hour span.